Kizi Apparels Ltd Receives Consideration for 16th Tranche of Convertible Warrants
Kizi Apparels Ltd has received consideration towards the 16th tranche of Convertible Warrants issued to certain individuals as part of a preferential allotment process.The Company confirmed the receipt of Rs. 7,90,500/- against this tranche. The payment was received from Mr. Umang Kamlesh Vora and Mr. Paresh J Patel, who are among the allottees.
These Convertible Warrants were issued on a preferential basis to individuals belonging to the Promoter/Promoter Group and Public Category. The details of the warrant issuance are as follows:
| Detail | Value |
|---|---|
| Warrant Issue Price | Rs. 15.50 |
| Premium Included | Rs. 5.50 |
| Face Value | Rs. 10.00 |
The Board of Directors, following the meeting held on June 26, 2026, approved the receipt of this consideration related to the warrant allotment.
Stock Price Movement
Kizi Apparels Ltd saw its shares settle at ₹14.90 on Wednesday, ticking up 0.74%. The stock tracked within an intraday range, moving between a low of ₹13.35 and a high of ₹14.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.